ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

SBI Securities Co., Ltd.'s Holding History (CIK: 0001851815)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 70 Value ($000) $2 Avg Close $29.20 Range $25.42 - $33.28

Q3 2025

Shares 87 Value ($000) $2 Avg Close $27.49 Range $25.11 - $29.68

Q2 2025

Shares 95 Value ($000) $3 Avg Close $24.62 Range $21.85 - $26.37

Q1 2025

Shares 93 Value ($000) $2 Avg Close $25.60 Range $23.93 - $28.43

Q4 2024

Shares 98 Value ($000) $3 Avg Close $28.95 Range $25.59 - $32.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	70	$2	$29.20	$25.42 - $33.28
Q3 2025	87	$2	$27.49	$25.11 - $29.68
Q2 2025	95	$3	$24.62	$21.85 - $26.37
Q1 2025	93	$2	$25.60	$23.93 - $28.43
Q4 2024	98	$3	$28.95	$25.59 - $32.96